AUDUSD Weekly Forex Forecast 27th October to 2nd November by yshashmi37 on TradingView.com

Midterm forecast:

0.7160 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
Technical analysis:

While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 0.7160 on 10/17/2018, so more losses minimum to Trend Hunter Buy Zone (0.7085 to 0.7020) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 43.

Share This